The two men reviewed questions concerning cooperation between Russia and Hungary in the energy sector, Szijjártó said.

Gazprom said on its homepage that the delegations reviewed the progress of the implementation of the South Stream pipeline, finding it was proceeding on schedule.

Miller and Orbán stressed that preparations to build the South Stream pipeline were extremely timely and important, and they were in line with the strategic interests of both countries as well as of the entire European region.

The South Stream pipeline will run from Russia under the Black Sea to Bulgaria, bypassing Ukraine, whose rows with Moscow have interrupted gas deliveries to Europe several times in recent years.

In 2010, Gazprom and the Hungarian Development Bank (MFB) established a project company to build the stretch of the South Stream pipeline that passes through Hungary.

Related articles

The InterContinental Kyiv Hotel in Kiev, Ukraine, hosted the Gala Awards Ceremony of the International Hospitality Awards 2017 on Sunday, February 18. Two Hungarian hotels received awards at the gala dinner hosting 250 guests.

Hungary will make an early repayment of EUR 78.2 million previously drawn for financing the upgrade of the Paks Nuclear Power Plant, Minister for National Economy Mihály Varga told Tuesdayʼs issue of business daily Világgazdaság.

Norwegian telco Telenor revealed on Friday it has received an "expression of interest" for its mobile operations in Central and Eastern Europe, including Hungary. Telenor said it would assess the offer in the first quarter of 2018, adding that the assessment would not impact the companyʼs operations, customers or employees.

The agriculture ministers of the Visegrád Group - Hungary, the Czech Republic, Poland and Slovakia - as well as Croatia approved a joint declaration on the future of the European Unionʼs common agriculture policy (CAP) at a meeting in Budapest on Thursday.

China became the largest outside investor in the Central, Southeast and East European countries in 2017, according to a report published by consulting companies CMS and EMIS. China increased the value of its investments in the region by 78% to EUR 7.7 billion. The U.S. remained the busiest investor in terms of the number of deals.

The ongoing U.S. investigations regarding alleged Russian interference in last year’s American presidential election have suddenly revealed a link to Hungary, albeit a very tenuous one. Carter Page, a former campaign adviser on Russia to Donald Trump, has admitted he traveled to Budapest, but apart from that, not much else.

Hungary will soon start accessing funds from a EUR 10 billion loan from the state of Russia to upgrade the Paks Nuclear Power Plant, the state secretary responsible for the investment said at a conference in Budapest on Tuesday.

Hungary and Slovakia on Monday signed a declaration of intent on the construction of the Eastring gas pipeline, a transmission route between hubs in Western Europe and the Balkan region and Turkey, according to state news agency MTI.

The European Investment Bank (EIB) is lending EUR 50 million to Transgaz, the national gas transmission company of Romania, to finance part of the construction of a new European gas corridor that will link with Hungary.

Infrastructure does not leave much room for maneuver for Hungary regarding gas imports. The only solution after 2021 is still buying gas from Russia, Minister of Foreign Affairs and Trade Péter Szijjártó said yesterday.